Mr. A (age 70) being a pensioner has total income (computed) of ₹5,50,000 for the previous year ended 31.03.2021. What would be his net tax liability payable by him including Higher Education Cess if opts for section 115
CS Executive · Tax Laws · PYQS · June 2021
Mr. A (age 70) being a pensioner has total income (computed) of ₹5,50,000 for the previous year ended 31.03.2021. What would be his net tax liability payable by him including Higher Education Cess if opts for section 115BAC?
Answer & Explanation:
The official key records '*'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: None of the option are correct. Correct Answer is ₹ 18200
Topics: Income Tax
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